Billion-dollar real estate deals have turned Chinese buyers into the biggest international players in the US housing market, reports CNN Money (23 July 2014). Based on data from the National Association of Realtors, Chinese investors spent $22 billion on homes in the US last year alone – over 50% of which was in California (35%), Washington (9%) and New York (7%). Other top US states favoured by Chinese buyers include Pennsylvania (6%) and Texas (6%). According to, Los Angeles, San Francisco, San Diego, New York and Seattle are the markets to watch – especially California with its closer proximity to China, as well as its large Chinese-American populations, attractive lifestyles and sunny climate. Chinese buyers flock to Seattle for its university offerings and tech jobs, while Washington scores points for it work, educational and investment prospects. Other locations drawing investor interests are the Florida resort vicinities, Austin and Houston (thanks to trade with China), and surprisingly, Michigan. Andrew Taylor, Co-CEO explains that Detroit, Saginaw and Flint are hot spots for Chinese buyers who are eyeing the revival of the auto industry.